“Traders on the left, banks on the right holding the ball!”
No need to sugarcoat this day … what a bag of shit … Cable doing it’s best to
trade like corn spreads today, with a pathetic range and even more pathetic IVIX
… although, nice to see the DAX30 finally go lower … really needs to get under
12800 for me to get interested in it … the NDX100 a complete fucking joke as a
trading vehicle, as the addition of the “Robinhood Dopes” to the trading scene
has seen both the spread & slippage on any fill go to insane levels. Quite frankly,
in its present condition the NDX100 is untradeable as scumbag LP bank fills are
simply atrocious … try and do any size whatsoever, and you aren’t gonna like
what you see next from the order box.
Cable today, and really all this week except Monday, a bag of shit on fire … as I’ve
said many times, ALL THAT MATTERS IS ORDER FLOW, and in FX if you’re
looking for anything else to guide you, you’re gonna be disappointed in the
results you get … it’s banks versus “everybody else”, and when they suck every
last spec into either the long or short side, they squeeze the shit out of the losers
and make them pay dearly, often running stops in the process … not to mention
front running corporate orders with their illegal prop accounts from tax havens
… rinse & repeat forever.
No trades today in the TURNKEY PAMM / MAM.
I actually had today, a situation where I’m 1 PIP from a buy signal, and if filled, I’ll
be less than 1 ½ PIPS from a liquidation signal … “how fucking stupid is that”?
… and the only reason we had a 77 PIP range, was cuz Cable rallied out of
nowhere straight up on the gold spike above 1900 to 1906 … easy come & easy
go … if not for that, we’d have a 55 PIP range … simply one dead day … I can do
lots of things, but I can’t make this shit move when it doesn’t want to.
Outta here early cuz Europe is closed now & Cable is D.E.A.D. … blog update on
Sunday … until then … Onward & Upward!!
-vegas
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